We Lend Secures $3.57M Foreclosure Bailout Loan For Multifamily Portfolio In Brooklyn

The asset involved in this transaction is a multifamily property located in Bedford-Stuyvesant, Brooklyn. The property spans 25,107 square feet and has undergone a foreclosure bailout process. The loan amount for this transaction was $3,574,800, specifically structured to assist in refinancing to prevent equity loss due to default interest.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,574,800
• Market: Brooklyn
• Lender: Ruben Izgelov, Moses Suleymanov, Solomon Suleymanov & Jeff Safi - We Lend
• Loan Type: Foreclosure bailout

The key individuals involved in this transaction include Ruben Izgelov, Moses Suleymanov, Solomon Suleymanov, and Jeff Safi who represent We Lend as the lender. The financing provided by We Lend played a crucial role in helping the borrower maintain their property by refinancing the multifamily portfolio, thereby reducing the risks associated with foreclosure.